Reliance Jio Registers Impressive AGR Growth This growth of Reliance Jio’s AGR was in contrast to Vodafone Idea, which is although the market leader in the country by subscriber count, but had to face a 4.05% sequential fall in AGR to Rs 7,223.72 crore. Bharti Airtel suffered the same fate as the AGR slipped 4.18% on-quarter to settle at Rs 6,439.65 in the quarter ending on December 31, 2018. To recall, Reliance Jio had become the top telecom operator in regards to AGR in the September quarter and had even put Vodafone Idea behind in terms of revenue from licensed services. Speaking of the overall industry AGR, there was a slight decline of 0.24% sequentially to Rs 36,054 crore in the December quarter. Income from Licensed Services Increase for Government The most crucial aspect of the data released by the industry regulator is the slight increase in spectrum usage charges (SUC) and license fees which signals that the industry might finally be on the track of better financial health. The entry of Reliance Jio back in 2016, had triggered a data tariff war in the telecom sector which had drained the industry financially and as a result drove consolidation and brought telcos under reeling debts. The license fees and SUC saw a slight increase after nine months. The license fee and SUC had last risen sequentially in the quarter ending June 2016. The two components are paid to the DoT by the operators based on their AGR. The licence fee mop-up by the government in the quarter ending December increased by 0.03% sequentially to Rs 2,890 crore, whereas the other component of this figure, the spectrum usage charge (SUC) rose by 2% to Rs 1,064 crore, the Trai data showed. Another crucial metric as reported by Trai, the industry’s blended monthly average revenue per user from wireless services increased over 4% sequentially to Rs 70.13 in the third quarter of FY19.
